Company Registration No. 02633588 (England and Wales)
Brompton Glass Limited
Unaudited accounts
for the year ended 31 March 2025
Brompton Glass Limited
Unaudited accounts
Contents
Brompton Glass Limited
Statement of financial position
as at 31 March 2025
Tangible assets
29,442
37,928
Cash at bank and in hand
953,642
976,272
Creditors: amounts falling due within one year
(153,676)
(182,576)
Net current assets
843,884
834,506
Total assets less current liabilities
873,326
872,434
Creditors: amounts falling due after more than one year
(12,783)
(21,907)
Provisions for liabilities
Deferred tax
(7,360)
(9,482)
Net assets
853,183
841,045
Called up share capital
2
2
Profit and loss account
853,181
841,043
Shareholders' funds
853,183
841,045
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 September 2025 and were signed on its behalf by
T R Howell
Director
Company Registration No. 02633588
Brompton Glass Limited
Notes to the Accounts
for the year ended 31 March 2025
Brompton Glass Limited is a private company, limited by shares, registered in England and Wales, registration number 02633588. The registered office is 302 Old Brompton Road, Earls Court, London, SW5 9JF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures and fittings - includes equipment
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Stocks/Inventories have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation for the year comprises current and deferred tax. tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Brompton Glass Limited
Notes to the Accounts
for the year ended 31 March 2025
Hire purchase and leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
45,622
30,307
75,929
At 31 March 2025
45,622
30,307
75,929
At 1 April 2024
17,645
20,356
38,001
Charge for the year
6,994
1,492
8,486
At 31 March 2025
24,639
21,848
46,487
At 31 March 2025
20,983
8,459
29,442
At 31 March 2024
27,977
9,951
37,928
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
20,983
27,977
Amounts falling due within one year
Trade debtors
26,119
21,966
Accrued income and prepayments
7,374
8,524
Brompton Glass Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
9,124
9,124
Trade creditors
28,171
34,520
Taxes and social security
31,844
69,683
Other creditors
23,034
26,644
Loans from directors
35,545
6,191
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
12,783
21,907
8
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
16,000
16,000
Later than one year and not later than five years
12,000
28,000
9
Average number of employees
During the year the average number of employees was 5 (2024: 5).